Main takeaway: Circle says USDC’s stablecoin network is a long-term platform with strong, hard-to-replicate network effects. USDC builds multi-layered ecosystem, liquidity, and compliance, used by thousands; Artemis shows USDC on-chain trades near $30 trillion in Q1 2026 (80%). Circle warns free mint/redeem and yield-sharing face complex market realities and require contract mechanisms; alliance models need smaller, tighter cooperation for efficiency.
币界网消息，Circle CEO在长文中指出，稳定币网络是长期平台型业务，USDC的网络效应难以复制。USDC通过多层生态、流动性和合规体系形成强大竞争力，已被成千上万服务接入。Artemis数据显示，2026年第一季度USDC链上交易近30万亿美元，占比80%，而其他美元稳定币的占比极低。对于OUSD的免费铸造/赎回和收益共享，Circle指出市场现实复杂，需合约机制处理联盟模式效率低，合作共赢需更小而紧密的合作。